Inflation cuts beef sales in México
So far in 2022, the Mexican meat sector reported average price increases of 35 per cent, although some meat products have risen to 300 per cent. Inflation accelerated in May and reached its highest level since 2001 due to the persistent increase in food prices. Inflationary pressures continue and food prices are expected to remain high until starting to decline gradually in the third quarter.
Click here to read the full note: https://www.canadiancattlemen.ca/markets/global-markets/market-intelligence-update-from-canada-beef-inflation-cuts-beef-sales-in-mexico/